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Your Focus to Broaden Your Sales
Article by Michel
Fortin
If
you say that your ideal client is a technical programmer, between the ages of
25 and 35, and earning over $25,000 per year, then your chances of reaching such
an audience by plastering your link all over the Internet will be fairly minuscule.
And even if your message does happen to appear in front of your specific market,
chances are that it will go unnoticed due to the general nature of the location
in which your message appears. This is not good.
Although
most business owners are aware of clear, target marketing strategies to achieve
results that could be far more effective and cost-efficient, the ideology remains:
To be successful one must be everywhere. That statement may be true to some degree
and should not be discounted. But it is far better to be everywhere that matters.
In other words, your message should appear in front of those
people who will likely read your ad and take action. If you promote your online
business in places in which your target market is likely to congregate, it is
fair to admit that your immediate costs will likely be higher.
Targeted
marketing is not cheap. However, the bottom-line is the fact that your cost-per-visitor
(or cost-per-lead) and even cost-per-sale will have decreased substantially as
a result. That's more important. In essence, it will certainly be cheaper for
you to spend the money in these targeted areas than it would be in trying to find
those ideal clients any other way.
Remember that your goal
should be to attract people to your site who have a genuine interest in what you
have to offer. Targeting as many people as possible particularly with a message
that appeals to only a portion of them may produce a fair amount of hits. But
it will mostly consist of people who will never be your clients anyway -- the
curious and not the serious.
For example, banners are reported
by certain research firms as losing their effectiveness. On the other hand, targeted
banners have conversely increased. Moreover, if your banner not only appears in
front of targeted audiences but also appeals to them specifically, it is likely
that the number of click-throughs consisting of potential, qualified clients will
be much higher.
With all things being equivalent, if your
ad appears on a site that caters to your ideal market (versus a more general site
like Yahoo!, for example), you may get less hits but you will certainly get more
sales. (However, it is worth mentioning at this point that Yahoo! also offers
targeted banner impressions on search result pages based on specific keywords.)
Nevertheless, combining targeted and niche-based marketing
strategies can make substantial improvements over general, non-focused marketing.
By lessening your market as well as the market to which you advertise, you will
proportionately increase your sales.